Business

GST GoM approves Centre’s proposal to replace 4-tier system with 5% and 18% slabs; luxury goods to face 40% tax.

r India Express report combined loss of ₹9,568 crore in FY25; IndiGo posts ₹7,587 crore profit.

Tata as one of Apple’s key partners is expected to handle nearly half of India’s iPhone output within the next two years

The Union government introduced the Online Gaming Bill 2025 in Lok Sabha, banning real-money gaming platforms and ads, empowering warrantless searches and arrests. It promotes e-sports, imposes strict penalties, and restricts financial transactions, despite potential Rs 20,000 crore tax revenue loss

Hindustan Aeronautics Ltd (HAL) shares surged after reports that the firm is set to secure one of its biggest government defence contracts, worth around ₹62,000 crore, for 97 Tejas Mk1A jets. The deal strengthens HAL’s indigenous fighter programme

The government also reported Rs 17,811 crore disbursed under the Modified Interest Subvention Scheme for crop loans

With numbers rising from 6.48 crore in FY20 to 8.56 crore in FY25 officials attribute the surge to digitisation, policy reforms, and compliance measures

MakeMyTrip has introduced a new AI-powered feature to simplify booking of hotels and homestays around more than 100 national parks in India. The platform now offers park details, entry gate proximity, and travel tips to enhance wildlife tourism experience

The government has waived the 11 per cent duty on raw cotton imports till September 30 to ease supply pressures on the textile industry. The relief coincides with Indian exporters facing a steep 50 per cent tariff in the US

OpenAI introduces ChatGPT Go in India at Rs 399/month, offering higher message limits, GPT-5-powered image generation, file uploads, and UPI payments. India, OpenAI’s second-largest market, could soon become its largest, reflecting rapid AI adoption.

If executed well, GST 2.0 could evolve from a foundational reform into a competitive advantage, supporting India’s journey toward becoming a developed nation by 2047

The legislation aims to modernise port governance, enhance ease of doing business, promote integrated port development, and empower State Maritime Boards for structured maritime growth

Apple India has leased 2.7 lakh sq ft of office space in Bengaluru’s Embassy Zenith for 10 years, starting April 2025. With rent beginning at Rs 6.3 crore per month, the iPhone maker is expected to pay over Rs 1,000 crore

Nearly all Rs 2,000 banknotes have returned to the RBI, with only Rs 6,017 crore—just 1.69 per cent of the total value—still in circulation as of July 31, Finance Minister Pankaj Chaudhary informed Parliament. The withdrawal began in May 2023

Microsoft is reportedly planning to revise its flexible work policy, potentially requiring employees to work from office at least three days a week starting January. The company, which has allowed 50 per cent remote work since 2020, may announce the changes by September

The government has launched the Pradhan Mantri Viksit Bharat Rozgar Yojana (PMVBRY) portal to create 3.5 crore jobs in two years. The Rs 1-lakh crore scheme offers incentives to both employers and first-time employees to encourage fresh hiring and job creation

Jefferies has advised clients to buy Indian stocks, predicting Donald Trump will reverse his tariff stance. Analyst Christopher Wood highlighted India as Asia’s best long-term structural story, despite high valuations, while warning Trump’s policies could push BRICS nations toward de-dollarisation

The Centre plans GST rationalisation by Diwali, lowering tax on passenger vehicles and two-wheelers from the current 28% to 18%, benefiting entry-level models. The proposal, expected in September’s GST Council meet, aims to boost affordability, sales, and economic growth

Sensex and Nifty surged in early trade on Monday, driven by GST reform plans and S&P’s sovereign rating upgrade for India. Auto, consumer discretionary and cement stocks led gains, while select IT and infrastructure stocks lagged amid global mixed cues

Average daily UPI transactions in India reached Rs 90,446 crore in August 2025, with SBI as the top remitter. Peer-to-merchant payments surged, groceries dominated volume, and digital payments increasingly replaced cash, reflecting robust growth and financial inclusion, according to SBI Research.

The DGCA had sent IndiGo a show-cause notice earlier last week for training 1,700 pilots using ‘non-qualified simulators’

India’s semiconductor market is expected to reach USD110 billion by 2030. Four new projects worth Rs 4,600 crore will create 2,000 skilled jobs, strengthen local chip production, and reduce reliance on Taiwan, supporting defence, EVs, AI, and high-performance computing sectors

Ola Electric announced its Gen-3 initiative with the launch of Bharat Cell 4680, Ferrite Motor technology to replace rare earth magnets, and AI-powered MoveOS6. Founder Bhavish Aggarwal also unveiled the Pro Sport scooter and futuristic Diamond Head motorcycle prototype

A statutory review committee to assess the law every three years will ensure that the new Act remains relevant